SBICAP Trustee Company Limited has announced the release of 212,101 shares of ICICI Bank Limited. The shares, which were previously held as security for M/s. Sky Gold and Diamond Limited, were officially released on March 27, 2026. Following this transaction, the trustee company no longer holds any encumbered shares in the bank, reducing its stake in the entity to NIL.
Details of the Share Release
In a formal communication, SBICAP Trustee Company Limited confirmed the release of 212,101 equity shares of ICICI Bank Limited. These shares were previously pledged as part of a security arrangement for a borrower, M/s. Sky Gold and Diamond Limited. The formal release of the pledge was executed on March 27, 2026.
Impact on Shareholding
Prior to this release, the 212,101 shares represented approximately 0.0030% of the total share and voting capital of the bank. With the completion of this release, the trustee’s holding of encumbered shares in the target company has dropped to NIL. This adjustment reflects the satisfaction of the underlying security obligations associated with the borrower.
Company Context
It is important to note that SBICAP Trustee Company Limited acts in the capacity of a security or debenture trustee. Its primary role involves holding security interests created in its favour for the benefit of lenders and debenture holders. The company does not engage in lending activities itself but acts as an intermediary to enforce security interests on behalf of financial institutions in the event of default by a borrower.
Source: BSE
